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Es1

Spx 🌊Salutations, At this present moment, I find it challenging to elucidate the precise reasoning as to why the S&P 500 was poised to recede back to the melancholy depths of the pandemic lows. Nevertheless, I can confidently postulate the resurgence of a risk-on environment in the aftermath. ideally as we approach the yuletide chill of Christmas Eve at the conclusion of this present year, I cast my net at $2,100 as the absolute nadir of this grizzly mark-down-phase. --- Upon a successful breach of this strategic area, I am further prophesizing a subsequent phoenix-like rise, elevating us to a commanding $7,777 threshold as we stride valiantly into the year 2030 through a vortex of an ending diagonal. --- 2024 - $2,111 2030 - $7,777 2035 - $12,222 ☿
SP:SPXLong
by notoriousbids
1
I've Got the Magic, 26 May 2023🖼 Daily Technical Picture 📈 "I've got the magic in me Every time I touch that track, it turns into gold Now everybody knows I've got the magic in me When I hit the floor, the girls come snapping at me Now everybody wants some crystal magic" I'm borrowing those song lyrics by The Treblemakers from the Movie: Pitch Perfect. ➤ Equities did indeed gap higher to close the previous days' price gap and magically also closed the gap it created during today's open. Killing two birds (I mean gaps) with one stone. ➤ Nvidia's share price also played with the AI magic trick for a huge price gap of it's own. Will this gap get filled? I'm 💯% sure it will but not in one day. ➤ That being said, that bit of magic helped me out of my long position with a teeny tiny profit leaving behind a small short position. Price is setting up nicely for a Short move. If the price path that I imagine magically comes to fruition it should look something like this: Prices are re-testing the recent high by moving slightly up or down or sideways for a couple of more days prior to the real move lower. ➤ Conclusion: 🐆 I'm looking forward to seeing more magic tricks. 🪄 EQUITY TREND: ⦿ Short-term (weeks) - UP ⦿ Medium-term (< 6 months) - UP ⦿ Long-term (>6 months) - DOWN
AMEX:SPYShort
by mrstockyetoro
1
S&P 500, 5/26/23For Friday, 4156.50 can contain session weakness, above which 4209.00 - 4228.00 is attainable intraday and able to contain buying through Q3.   Holding below 4209.00 will keep 4023.00 in reach over the next several weeks, 3852.25 over the next several months, while closing today above 4228.00 indicates 4392.00 within several weeks, 4532.50 within several months.   Downside Friday, breaking/opening below 4156.50 allows 4109.50, possibly 4081.25 intraday, also able to contain session weakness and the level to settle below for yielding 4023.00 by the end of next week.
CME_MINI:ES1!
by SpecialeAnalysis
S&P500 rebounding on the MA50 (1d) but be careful if broken.The S&P500 index is on the first green (1d) candle after an almost test of the MA50 (1d). This level has been holding since March 30th, so consider it a short term buy entry. The short term pattern is a Megaphone inside a long term Channel Up. Trading Plan: 1. Buy on the market price. 2. Sell upon a candle closing under the MA50 (1d). 3. Buy at 3980 (the MA200 1d). Targets: 1. 4250 (Megaphone top). 2. 3980 (the MA200 1d). 3. 4330 (Resistance 2). Tips: 1. The RSI (1d) has a clear long term Support Zone (39.00- 33.50). If the MA50 (1d) breaks, it can be used as additional confirmation to plan your long term buy entry. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
22
Trends hitting resistance going up; Will NVidia Crash through?So the NVidia story could really disrupt the narrative that trends were pushing. Personally, while I like the optimism for NVidia, I can't say I'd want to get in at 230% valuation gain on the year. However, what do I know? I trade S&P Futures, not NVidia stocks. Ultimately I still think the overbought tech sector can't continue to carry the entire market, and that people are going to cash out at least for the moment some time soon, perhaps as we near the contract settling point of early June. I attempted to go short at the lower high 30m at the close of yesterday and was stopped out, and I am not short again at the 1hr lower high at 4164. Trends into today; Last Macro Trend Signal Spots 30m - 4150 Uptrend (5/24/2023) Lower High 1Hr - 4163 Uptrend (5/25/2023) Lower High 2Hr - 4180 Downtrend (5/23/2023) Higher Low 3Hr - 4180 Downtrend (5/23/2023) Higher Low 4Hr - 4159 Downtrend (5/23/2023) Higher Low 6Hr - 4144 Downtrend (5/23/2023) Higher Low 12Hr - 4083 Downtrend (5/4/2023) Higher Low Daily - 4168 Uptrend (4/13/2023) Higher High Weekly - 4366 Downtrend (2/14/2022) Higher Low The Long Position; I have no trends other than the Daily timeline in an uptrend at all. So I can't say I'm confident in any longs here. There is an upward trendline that comes in around 4140, so I suppose there is that... but overall I think we head sideways before we head up. The Short Position; The most recent short spot is 4164. A break below that trendline at 4140 is a late entry, or wait for things to turn negative at 4126ish. I like my entry point, it is why I stayed out all day yesterday to get this spot. Economic Data; Job Market remains robust, GDP slowing but above expectations, PCE showing potential flatline or increased inflationary data, and housing market is still flatlined. None of this makes me jump into the narrative there will be rate cuts coming this month. Earnings; NVidia annihilated their earnings expectations and provided some pretty robust forward guidance. That is a continue developing story I will be following. Costco reports after the close. My sentiment into today; Shorter Term - Bearish Short Term - Bearish Medium Term - Neutral Long Term - Bullish/Neutral I am Long on the 6E, so I do have some optimism =) Safe trading! Remember your risk management plan!
CME_MINI:ES1!Short
by SemperTrader
Trends maxed to the downside nowSo I did jump into a brief short and got my weekly goal from 4160 to about 4148. Once we hit there we settled in with a 6hr downtrend, which is a higher low and is now also violated. While I feel that this downward momentum is long overdue and should continue, my trading strategy is to trade on trends and currently every single trend is violated except the 30m and 1hr, and those are considerably oversold if they were the funnels to take us lower. I still think on a medium term we are headed to 4000 at least, trends will dictate we have at least a brief rally here before we can head lower. So with my macroeconomic assessment in conflict with my trading strategy, I think I will stay out for the moment. Trends into today; Last Macro Trend Signal Spots 30m - 4204 Downtrend (5/23/2023) Higher Low 1Hr - 4192 Downtrend (5/23/2023) Lower Low 2Hr - 4180 Downtrend (5/23/2023) Higher Low 3Hr - 4180 Downtrend (5/23/2023) Higher Low 4Hr - 4159 Downtrend (5/23/2023) Higher Low 6Hr - 4144 Downtrend (5/23/2023) Higher Low 12Hr - 4083 Downtrend (5/4/2023) Higher Low Daily - 4168 Uptrend (4/13/2023) Higher High Weekly - 4366 Downtrend (2/14/2022) Higher Low The Long Position; I mean, it is probably a decent bet to go long here at 4138, although not enough for me to get a warm and fuzzy over it. I think a meltdown is just long overdue and could come in with a vengeance. The Short Position; I'd like to see a technical bounce to get a 30m uptrend at least as a short position. Not sure that will happen, but if it does, I plan to be ready. Economic Data; Yellen is speaking this morning, then FOMC Minutes and EBC Legarde later this afternoon. All could be market movers. Overall, my sentiment today (From 4135) is; Shorter Term - Neutral Short Term - Bullish/Neutral Medium Term - Neutral Long Term - Neutral/Bullish Safe trading, and as always, remember your risk management plan!
CME_MINI:ES1!
by SemperTrader
#3NVD Leveraged 3x Long with Nvidia Corporation StocksAll the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report. LSE:3NVD is the Leverage Shares 3x Nvidia ETP Securities that seeks to track the iSTOXX Leveraged 3x Nvidia Index, which is designed to provide 3x the daily return of Nvidia stock, adjusted to reflect the fees and costs of maintaining a leveraged position in the stock. It invests directly in the underlying NASDAQ:NVDA stock and uses margin (borrowing) to purchase additional shares of Nvidia. For example, if Nvidia rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However, if Nvidia falls by 1% over a day, then the ETP will fall by 3%, excluding fees. Key Features • Opportunity to magnify returns in one simple trade. • Liquid. Trades like an equity on exchange, with multiple market makers (MMs). • You cannot lose more than the amount invested, and an intraday rebalance mechanism is designed to cushion the largest intra-day falls. • Simple to trade, no need for futures, no need to use margin accounts. • Transparent structure with full ownership of the underlying assets, so credit risk effectively negated. • Is independent and managed by industry experts. Key Risks • Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns. • Investors can lose the full value of their initial investment (but not more). • Losses are magnified due to the nature of leveraged returns. Therefore, Short and Leveraged ETPs are only suitable for investors willing to take a high level of risk. • Daily compounding may result in returns which an investor may not expect if the investor has not fully understood how a Leverage Shares ETP works. • Due to daily rebalancing and compounding, ETP returns measured over periods longer than one day may differ from the returns of the underlying stock multiplied by the leverage factor. • Only use these ETPs if you can monitor your positions daily or during the day. • Not an investment advise, so please see and read carefully the ‘Risks Factors’ section of the Prospectus for a more detailed discussion of the potential risks associated with an investment in this product. Key TA Highlights • 3NVD trades higher its weekly SMA(52), since middle of the May, 2023 • Technical picture indicates the possibility to further 100 per cent upside price action.
LSE:3NVD
by Pandorra
Watch the Gap, 25 May 2023🖼 Daily Technical Picture 📈 ➤ Equities gapped lower but found short-term support at the 410 level on the SPY. The VIX accelerated higher. In after-hours trading the price has bounced higher. It would be interesting to see if this is sustained until market open. It could lead to the filling of the gap and in doing so creating another gap. Are you following my gapping explanation? If not, look at the chart. You'll note there are a couple of other unfilled gaps lower as marked by the blue arrows. These tend to get filled over time. ➤ Without prior knowledge of the after hours bounce, from the naked eye it does look price wants to bounce higher given the combination of 1) hitting a support level 2) deceleration in the drop (reducing bar/candle size) ➤ I do favour the notion that the immediate gap should be filled. That will hopefully get me out of my long trade for a profit. If that is fulfilled, I'll be looking for a potential Short entry shortly after if things play out as expected. ➤ I remain positioned fairly neutral for now. ➤ Conclusion: 🐆 The favoured view is for price to straddle lower. EQUITY TREND: ⦿ Short-term (weeks) - UP ⦿ Medium-term (< 6 months) - UP ⦿ Long-term (>6 months) - DOWN
AMEX:SPYShort
by mrstockyetoro
S&P 500, 5/25/23For Thursday, 4158.25 can contain buying into later next week, below which 4023.00 - 4025.25 is likely over that time horizon.   Downside Thursday, 4109.50 can contain intraday weakness, while breaking/opening below 4109.50 signals 4081.25, able to contain session weakness.   A settlement today below 4081.25 indicates the targeted 4023.00 - 4025.25 within several days, where the market can bottom out through June and a meaningful downside continuation point over the same timeframe.   Upside Thursday, pushing/opening above 4158.25 signals 4186.75, while closing today above 4158.25 should yield a retest of 4210.75 - 4228.00 long-term resistance within several days.
CME_MINI:ES1!
by SpecialeAnalysis
S&P500 on the 1day MA50 againS&P500 / US500 approached the 1day MA50 again. This level has been supporting since the March 29th break out (almost 1 month). Buy as long as it holds and target the dashed Rising Resistance at 4230. Sell if the price closes under the 1day MA50 and target the Megaphone's bottom at 4030. The 1day RSI is consolidating inside a Rectangle whose highs and lows give accurate sell/ buy signals inside the Megaphone. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
18
Debt Ceiling Deadline Likely to Whipsaw the Markets - Day 3S&P 500 INDEX MODEL TRADING PLANS for WED. 05/24 We started this trading week with our trading plans on Monday titled: "Debt Ceiling Deadline Likely to Whipsaw the Markets", and these words: "Expect the approaching debt ceiling deadline to attract both bulls and bears to heightened speculation, resulting in some whipsaw movements until the deadline passes and the dust settles". Third day into the week, those indications from our models have played out to the letter! Thank you for our loyal readers who have reached out with words of appreciation! We strive to share what we see through the lens of our models, regardless of what the markets might appear to be doing - some days we hit the nail on the head, and some we might miss the nail altogether, but overall our goal is to help our loyal followers gain alpha in their trading performance paralleling that which is being demonstrated since 2018, Dec in our models' performance history. Let your outperformance not lead to overconfidence, though, for overconfidence is shown to be one of the biggest enemies of even the best traders. Our stance last few weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". With the debt ceiling drama in high gear, expect the market volatility to continue to increase. Positional Trading Models: Our positional models have initiated the following standing trading plan exactly one week back, on Wed 05/17: "indicate going short at the close if today's close is to be below 4147 (activated at 3:59pm). If opened a short, models indicate instituting a hard stop at 4187". This trading plan was triggered at yesterday's close, and now our positional models are short SPX at 4146.33 with a hard stop at 4187 as indicated in our results last night. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today. Aggressive, Intraday Trading Plans for WED. 05/24: For today, our aggressive intraday models indicate going long on a break above 4162, 4150, 4131, 4113, or 4103 with a 9-point trailing stop, and going short on a break below 4157, 4141, 4126, or 4109 with a 9-point trailing stop, and going short on a break below 4098 with a 6-point trailing stop.  Models indicate explicit long exits on a break below 4145, and short exits on a break above 4145. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:46pm ET or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #debtceiling
SP:SPX
by TradersAIDotCom
ES1! - SPX - Could be Bullish Flip!CME_MINI:ES1! CME_MINI:ES1! has broken resistance as Wall Street continues to monitor the situation surrounding the debt ceiling with hopes of a deal being reached. This breakout needs to hold via a retest or Bullish pullback for Stocks upside. If it's a fake out, look for potential shorts via LTF e.g. 4h CRYPTOCAP:BTC is like a tech stock and when it's coupled to the ES1! it moves with. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME_MINI:ES1!
by imr4nkh8n
😀 SVB Crisis Is Over?! What S&P500 and VIX Are Talking AboutThe stock market just flashed the first sign that investors think the Silicon Valley Bank crisis is over. 👉 The CBOE Volatility Index VIX closed below the 20 level on Wednesday, for the first time since SVB - The Silicon Valley Bank collapsed. That is basically could be a constructive sign and is certainly counter to the general gloom of investors post SVB-failure. 👉 The VIX term structure is also back into normal contango. This normalization of spread is often a sign investors see the worst of the crisis behind. The lower chart illustrates 3-months futures spread between VXN2023 a July, 2023 VIX Futures contract and the nearest - VXJ2023 - April, 2023 VIX Futures contract, that is three months ahead of that, marking that the reddish days are over. 👉 S&P500 Technical picture indicates the breakdown of reversed Head and Shoulders Chart Pattern structure is happening. SPX is above weekly SMA (200) as it got the support early on Q4'22. 52-weeks simple moving average is trying to hold on above, for the 12th year in a row. 👉 If investors expect an imminent financial crisis but one doesn't materialize, the change in sentiment will help drive stocks higher as investors unwind bearish positions and get more bullish . All-in, with stocks higher over the past six months since the mid-October low, so further upside could be ahead. If stocks do not make a new low post this crisis, the bears could capitulate.
Editors' picks
SP:SPX
by Pandorra
15
D for Distribution, 24 May 2023🖼 Daily Technical Picture 📈 "D is for Down Like the Market today D is for Distribution We are on our way" ➤ Equities fell back into the recent consolidation. As discussed in yesterday's note, the price action now favours the bearish view. Price tends to fall to the bottom of the range. ➤ Assuming we are in the Distribution phase, the path lower can be abrupt or staggered. The abrupt case sees prices shoot straight through and below the low of the consolidation. The speed that happens displays the urgency of Sellers. ➤ A staggered path will see re-tests with prices briefly bouncing higher along the way down. It normally starts with the re-test of the high of the range. Each time the re-test will fail and prices fall further. It is at a lower speed with less urgency. ➤ Given the narrow range of the consolidation, it would only require a couple of large down days to find the bottom of the range. I'm not expecting a slow grind whatever path the price takes. ➤ Interestingly, I have received a buy signal and this has been dutifully executed. It is a small position to play the "re-test". Incidentally this hedges out the pre-existing small short position. Overall the portfolio is fairly neutral. ➤ Conclusion: 🐆 The Distribution can only be confirmed after the fact. i.e. price breaks below the range and keeps falling. Anything before that is just conjecture. EQUITY TREND: ⦿ Short-term (weeks) - UP ⦿ Medium-term (< 6 months) - UP ⦿ Long-term (>6 months) - DOWN
AMEX:SPYShort
by mrstockyetoro
S&P 500, 5/24/23For Wednesday, the 4212.50 - 4228.00 region can contain buying through Q3, below which 4023.00 is likely by the end of June, lower into later Q3.   Downside Wednesday, 4151.75 can contain selling into later week, once tested the 4212.50 - 4228.00 long-term resistance area in reach again over the following 3 - 5 days.   On the other hand, a settlement today below 4151.75 indicates 4023.00 - 4027.50 midterm support by the end of next week.   Upside Wednesday, closing above 4228.00 signals 4285.25 within the week, while overall, a clear weekly settlement above 4228.00 indicates 4392.00 within 2 - 3 weeks, 4532.50 within several months, higher into later year.
CME_MINI:ES1!
by SpecialeAnalysis
Likely some sideways movement before the next real moveSo the 30m and 1hr were able to squeak out some signs to head lower, and because of that I jumped in Short at 4204. I'm certainly not completely sold we are dumping anymore since we broke the trends that were shifting us to the downside. I will hold this short until the 2hr signals a downtrend which is without a doubt going to be a higher low and then I will proceed with caution and potentially even cash out. At this point I am cautiously bullish in the medium term outlook, but the sell signal on Trend Momentum on the Weekly timeframe during upward movement has me very skittish. As I said in the video, this will be the first sell signal during the ESM contract since March, and the ESM contract expires here in just a few weeks and there tends to be a major move or reversal during these times, or at least a huge uptick in volume which we have been lacking this whole contract like I haven't seen since the end of 2021. Anyways, trends into today; Last Macro Trend Signal Spots 30m - 4204 Downtrend (5/23/2023) Higher Low 1Hr - 4192 Downtrend (5/23/2023) Lower Low 2Hr - 4164 Uptrend (5/17/2023) Lower High 3Hr - 4172 Uptrend (5/17/2023) Higher High 4Hr - 4124 Uptrend (5/10/2023) Higher High 6Hr - 4180 Uptrend (5/18/2023) Lower High 12Hr - 4083 Downtrend (5/4/2023) Higher Low Daily - 4168 Uptrend (4/13/2023) Higher High Weekly - 4366 Downtrend (2/14/2022) Higher Low The Long Position; Any movement back above 4204 could be met with additional follow through since the 30m was a flat trend basically. Also, if we get lower to a 2hr, I would expect it to try and find some buy the dip mentality. The Short Position; A return to 4204 may just be another entry to the down, I would really watch momentum (I would expect it to push higher if it goes up there rather than just touch and come back down, honestly). Additionally, a late entry point might be a strong surge below 4192, at least down to the 2hr downtrend mark which I'd assume will be somewhere along 4180ish. Economic Data; Nothing major today. FOMC minutes tomorrow, so maybe some pretrading depending on what is expected from that report. Earnings; Intuit and Lowes is today. So retail and tech. Shouldn't resonate through the market though as we are on the tail end of Earnings season. My sentiment (from 4194) is; Shorter Term - Bearish/Neutral Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Neutral/Bullish My biggest pause on just believe we will go higher is dealing with this weekly momentum trend sell signal. Maybe we will be flat for a couple weeks that will give me some time away from that signal or even show a reverse and buy signal instead. Safe trading, and remember your risk management plan!
CME_MINI:ES1!
by SemperTrader